Which of the Following Is Not a Key Type of Evidence

question 123

Multiple Choice

Which of the following is not a key type of evidence that the auditor needs to examine with respect to pensions and postemployment benefits?

• A)Whether the actuarial firm hired by management is independent,capable,and objective.
• B)The appropriateness of the actuarial firm's work.
• C)The reasonableness of significant interest rate assumptions.
• D)The length of illnesses that pension recipients contract.

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Definitions:

Manufacturing Overhead

All manufacturing costs excluding direct labor and direct materials, such as utilities and rent for production facilities.

Cost of Goods Manufactured

This refers to the total production cost incurred by a company to manufacture products in a specific period, including materials, labor, and overhead costs.

Raw Materials Used

The total quantity and cost of raw materials employed in the production process during a specific period.